Wave Software


 

Wave is a Web-based integrated accounting solution exclusively designed for small organizations. It features accounting, invoice and billing, payments, payroll, personal finance and receipts.

Users can link bank accounts, PayPal accounts and other sources of data for real-time transaction records. They can also generate reports such as balance sheets, sales tax reports and account receivable and payable reports.

The system also provides an invoicing tool to collect money, and users can choose the template of their choice as per the organization’s needs. Invoices can be sent via email, and the system's payment processing allows users to collect credit card payments.

Wave's payroll module (supported in the U.S. and Canada) comes with features such as direct deposit and employee self-service. The personal finance tool features a budgeting tool, real-time investment tracking and a dashboard for personal finance management.

 

Wave - Dashboard
 
  • Wave - Dashboard
    Dashboard
  • Wave - Accounting
    Accounting
  • Wave - Bill management
    Bill management
  • Wave - Transaction
    Transaction
Supported Operating System(s):
Windows 7, Windows Vista, Windows XP, Mac OS, Linux, HP-UX, AIX, Solaris, Unix, IBM OS/400, Web browser (OS agnostic), Windows 2000, Windows 8, Windows 10

18 Reviews of Wave

Showing 1-18 of 18

 

from ANP Management
Specialty: Property Management
Number of employees: 1 employee Employees number: 1 employee

use it for 3 businesses

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Likes Best

its free and easy to use. it is basic but fills the need of a small business

Likes Least

system is really slow. Would like to be able to post one payment to multiple invoices instead of splitting the payment and posting it seperately

Recommendations

servier needs to speed up, it takes a minute to move from screen to screen to make a payment for example.

 

from Bay Town Creative
Specialty: Other
Number of employees: 2 to 5 employees Employees number: 2 to 5 employees

Wave is top of it's game.

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For small businesses looking after their books Wave is hard to beat. You only pay when you scale up your services. They cover almost everything you can think of from basic accounting to invoicing and estimates. For premium pricing you can add in payroll and professional accountant to help out. It accepts payments right off your phone too.

Likes Least

The thing I would say I like least is that it still seems relatively unknown so some integration are missing. The only choice for payment gateways are through Wave's proprietary card system (which is fantastic and priced great) or Stripe, it would be nice to be able to tie Paypal into that mix. Or to tie Wave in with the time tracker / project management tool we use.

Recommendations

I would say use it for a year to really get it up and running to see how well it operates.

 

from Advisorfi.com
Specialty: Accounting / CPA
Number of employees: 2 to 5 employees Employees number: 2 to 5 employees

Best Small Business Accounting

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Likes Best

Extremely user-friendly and the customer support is responsive

Likes Least

No open API into other software That allows integration of other complementary accounting software

Recommendations

Review the time to plan accounting software is on the market and choose between the two

 

from J Miller's
Specialty: Hospitality / Travel
Number of employees: 6 to 10 employees Employees number: 6 to 10 employees

Software has been easy to use

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Likes Best

I like the interface and most info can be found under help and the faq

Likes Least

Payroll does not handle zero payroll checks for tipped employees.

Recommendations

Restaurants are less likely to use Payroll if it can't handle tipped employees. I dropping wave payroll soon because of this.

 

from State Farm
Specialty: Insurance
Number of employees: 2 to 5 employees Employees number: 2 to 5 employees

Agent/Owner

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Likes Best

User friendly, easy to setup and navigate. I am a sole proprietors and use a Mac and the software is compatible with it. Which is great!

Likes Least

Nothing at this time, more time is required to assess any dislikes.

Recommendations

Anyone needing an easy to use accounting or expense tracking software, Wave is the one I would recommend.

 

from Bold Brew Studios LLC
Specialty: Other
Number of employees: 1 employee Employees number: 1 employee

One of the best free accounting and invoicing softwares out there

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Waveapps is one of the best free payroll and invoicing tools out there. The invoicing works great, it easily connects to all your bank accounts and it allows you to share your account with an accounting professional. I've been using Waveapps for over a year now and haven't had any issues. It integrates directly with google apps as well, so sending invoices via gmail with Wave is great so that it doesn't get caught in any spam.

Likes Least

There's no mobile app yet besides an app for adding in receipts. There have been frequent updates and changes to any of the issues that I had which were very minor.

Recommendations

Try it out, its free and there's no downside to trying it out. If you are just starting a business or have a small business and looking for a way to manage your books and invoices, test it out.

 

from Cooper Close Consultants
Specialty: Consulting
Number of employees: 1 employee Employees number: 1 employee

Perfect solution

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Likes Best

Simple to set up and use, i'm completely new to accounting as an individual and this software was great to invoice and keep track of my spending.

Likes Least

Help system can be a little difficult to drill down but google has a better search function for issues

Recommendations

Take time to go through the tutorials, it really pays to set it up correctly and go through the terms and usage.

 

from Crouse & Associates
Specialty: Legal
Number of employees: 1 employee Employees number: 1 employee

Accounting at its best...

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Likes Best

The thing I like best about Wave accounting is the ability to sync with my bank account to download transactions and then categorize the expenses. I also like the ability for customers to pay via credit card directly from the invoice.

Likes Least

The Wave accounting platform is probably best for a products based business than services. However, I see the Wave team always updating and adding new features.

Recommendations

If you are looking for an accounting package that is easy to use as Quickbooks but not locked into the Intuit ecosystem, then Wave is the accounting package for you.

 

from Gary Forsyth Limited
Specialty: Software / Technology
Number of employees: 1 employee Employees number: 1 employee

Easy to use and highly adaptable to my needs

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Likes Best

My customer data is available everywhere I go and Wave are continually improving the user experience

Likes Least

There is no Android app for it, and so I have to use a desktop browser.

Recommendations

I only use the Invoicing part of this software, but make sure the invoices can be customised to suit your needs.

 

from Chad Chang Management Consulting
Specialty: Accounting / CPA
Number of employees: 1 employee Employees number: 1 employee

"Sole"ly simple

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Likes Best

Integrated data connection to banking and credit cards. Stock visual reporting capabilities and ability to export data for more deeper reporting possibilities.

Likes Least

The setup of the accounts. Template for basic business (ie. sell cookies) is there, and adding to it is easy (ie. sell balloons in the cookie shop), but I've found many clients have issues such basic configurations. Perhaps they lack foundational accounting knowledge or web app knowledge, or simply the confidence to make such adjustments.

Recommendations

Limit your scope to that of a simple business, with one or a few revenue lines, and the basics such as no investments (ie. funds to invest extra cash).

 

from Designman, LLC
Specialty: Software / Technology
Number of employees: 1 employee Employees number: 1 employee

Great for invoicing, and maybe for accounting?

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Likes Best

The best feature in Wave is definitely the invoicing. It's seamless, easy, and allows me to accept online payments. The invoice generator is easy to use, and stores useful presets.

Likes Least

I don't use most of the accounting features, so I can't really say whether they are good or not.

Recommendations

Focus on ease-of-use. You're going to be using this software often.

 

from Whizz
Specialty: Consulting
Number of employees: 1 employee Employees number: 1 employee

Use Wave to run and manage the finances of my consulting organisation

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Likes Best

Ease of use and Integration, invoicing on the iphone is great.

Likes Least

More customisation and features in the dashboards, a dedicated iphone app would be nice, that said invoicing on the go is great.

Recommendations

When comparing Xero to Wave, whilst Xero has more application integrations, in terms of core functionality, they are quite similar. In terms of cost of ownership, Wave wins every time.

 

from Crouse & Associates
Specialty: Legal
Number of employees: 2 to 5 employees Employees number: 2 to 5 employees

Awesome app and great service

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Likes Best

They are consistently updating and improving their app.

Likes Least

That I can't use them for more of a my small business needs.

Recommendations

Try them out and you will love it! I have replaced every Quickbooks service I had.

 

from Camp Curiosity, Curiosity Stables
Specialty: Education
Number of employees: 21 to 50 employees Employees number: 21 to 50 employees

Simple & Wonderful for Startup or Hobbiest

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Likes Best

Wave makes invoicing very simple. It allows you to track who sees it views, pays etc.

Likes Least

The credit card integration transition was not smooth and 2.89% is not a great rate for larger (small) companies that need lower rates.

Recommendations

Remember that this software is free and for what it offers, it 1000% worth the time to look at.

 

from AlwaysConnected Solutions
Specialty: Healthcare / Social Services
Number of employees: 2 to 5 employees Employees number: 2 to 5 employees

The Wave Accounting: Alternative to Quickbooks

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Likes Best

Wave promises to be a great alternative to quickbooks and quickbooks line with all of the features a small business needs and small business-friendly pricing.

Likes Least

What has made us hesitant to go all-in with Wave is their lack of migration support. The process of changing from QB is time consuming and if you're a small business you sometimes do not have the time.

Recommendations

I'd say if you can see yourself taking the necessary effort to export QB accounts and establish them in Wave, you might be very happy that you did.

 

from LeagueSide
Specialty: Software / Technology
Number of employees: 1 employee Employees number: 1 employee

Easy out of the box solution for small businesses

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Likes Best

The invoicing feature is really easy to use and great. We accept credit card payments and it works perfectly.

Likes Least

I had some issues with customer support and resolving and issue that really dragged out. It finally got resolved, but wasn't the best experience.

Recommendations

Really easy to use out of the box and gets the job done. It's also free making it almost a no brainer to start using.

 

from West Coast Measuring
Specialty: Architecture
Number of employees: 2 to 5 employees Employees number: 2 to 5 employees

For the price, you can't beat wave

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Likes Best

ease of use. you don't have to be an accountant to navigate or use wave!

Likes Least

no ability to grant access to only certain parts of the account (for example, allow an employee to have access to invoicing, but not payroll or banking)

Recommendations

take some time to learn it and set it up right from the beginning.

 

from Capsis Realty Management
Specialty: Real Estate
Number of employees: 1 employee Employees number: 1 employee

Wave makes invoicing simple

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Likes Best

It is so easy to use and the invoices look so professional. I also like the fact that I can link my bank accounts to it, makes it easy to track what invoices I have sent and who has paid.

Likes Least

Wish it was easier to tag and organize transactions.

Recommendations

Wave is one of the best online invoicing/accounting sw services I have used, I would highly recommend that people using other sw try it, especially if you use MS word or excel for invoicing and accounting.

 
 
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